Land Plot for Sale

Plot is located at a central area of Spetses's main town, 250 meters distance from the main port. 366 sqm plot within urban plan, allows the construction of 6 maisonettes of 80sqm each. There is an existing detached two level house 150sqm on the plot, which can be refurbished. The associated transaction costs of the property purchase are in the range of 6%-7% and include: (a) the property transfer tax plus a municipal tax (3.09%), (b) the notary fees (typically between 0.5%-1%), (c) the registration costs at the Cadastral Office (typically between 0.5%-1%) and (d) the agent's fee typical of 2% plus 24% VAT. All these costs are calculated on the higher amount between the sale price and the objective value of the property, and are born by the Purchaser. It should be noted that buying-side legal fees may apply if a solicitor is involved from the Purchaser's side.